Do you know where your estate plan is? Even more important: Do your loved ones? It could be impossible for them to carry out your wishes if they can’t find your will and other key documents. Storing all estate planning materials in one place and writing an easily accessible letter of instructions could help ensure that nothing is overlooked. Be sure to include these key points:
Location of assets. Provide information about your will, trusts, bank accounts, safe deposit boxes, Social Security benefits, real estate properties, investments, and the names and contact information of brokers, lawyers, accountants, and financial advisors. Life insurance policies. Include the names of insurance companies, agents, owners, beneficiaries, policy numbers, and the location of policies. Retirement plans and IRAs. Here, too, list all accounts, beneficiaries, and the location of relevant documents. Debts. Enumerate any outstanding loans, credit card charges, or other debts that will need to be paid off, cancelled, or transferred. Funeral plans. Detail your wishes regarding a funeral or memorial service and provide the full contact details of those who should be notified of your death. Other information. Also be sure to note any website URLs, usernames, and passwords that would be important for executors or heirs. If you haven’t made the necessary preparations, we will be glad to assist you. Contact our office today. |
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